1501 Atlantic BlvdPompano Beach, FL 33069

Property Details for 1501 Atlantic Blvd

Year built

1970

Construction

CONCRETE

Lot size

0.35 AC

Property size (Sq ft)

5,132 SF

Zone code

TO-EOD

Property type

Office properties

Property subtype

Office buildings

APN

48-42-36-15-0010

APU

484236150010

Description

This exceptional 1.7-acre industrial land parcel in Pompano Beach, Florida, presents a compelling investment opportunity for both owner-users and developers. Located at 1501 W Atlantic Blvd, this property boasts 240 feet of direct frontage on West Atlantic Boulevard, experiencing an average daily traffic count of 50,000 vehicles. The I-1 General Industrial zoning allows for a wide variety of uses, and the site's proximity to I-95 (less than a quarter-mile west) ensures excellent accessibility. The property has recently undergone platting, significantly streamlining the development process, potentially saving approximately 15 months compared to unplatted land. Architectural plans, commissioned by the current owner, illustrate the potential for a 36,993 square foot building with 18 parking spaces, adhering to Pompano Beach zoning regulations. However, the zoning permits considerable flexibility for alternative building configurations to meet specific needs. The asking price is $2,299,000, and up to 90% SBA financing may be available. This 73,954 square foot lot in Broward County (zip code 33069) offers an unparalleled chance to capitalize on Pompano Beach's thriving industrial market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,575,002

  6.5%

  $1,453,848

  7%

  $1,350,002

• Comparable approach

  Method

  Valuation

  Relative Method

  $991,554

  Geo Method

  $991,554

• Alternative Use

  Use

  Valuation

  Residential

  $1,802,772

  Hospitality

  $1,651,329

  Educational

  $1,373,886

  Medical

  $1,421,137

  Retail

  $2,137,157

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.232

Longitude

-80.1082

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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